Google's Stock Price Breaks $800

Kevin Landis, Firsthand Technology Funds CEO, discusses his outlook on Google's stock price and whether the tech giant will become the new Apple.

Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile-device market.

The milestone comes more than five years after Google's shares initially barreled through $700.

Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II, and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.

Besides enriching Google employees and other shareholders, the company's resurgent stock is an implicit endorsement of co-founder Larry Page. Google's stock has risen by about 35 percent since Page replaced Eric Schmidt as CEO in April 2011.